All posts by Pablo Piovano


EUR/JPY still capped by 131.38 – Commerzbank

The cross stays capped by the initial resistance level at 131.38 for the time being, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/JPY recently charted new lows for the year. It remains capped by the initial resistance at 131.38, the

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EUR futures: bearish mood intact

In light of preliminary figures for EUR futures markets from CME Group, investors trimmed their open interest positions by more than 2K contracts on Thursday from Friday’s final 529,872 contracts. In the same line, volume dropped for the first time after three consecutive builds, this


GBP/USD could drop to 1.3040 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, suggested Cable could visit 1.3040 if 1.3300 is cleared. Key Quotes “No change. GBP/USD has sold off to 1.3302/20, the mid-December low. Given the 13 count and the oversold RSI it is possible that this will


EUR/USD weaker, challenges 1.1700 ahead of IFO

The pair stays on the defensive near the 1.17 handle on Friday. The greenback trades firmly near the 94.00 milestone. German IFO coming up later in the session. The greenback has resumed the upside at the end of the week and is now dragging EUR/USD


US Dollar keeps the red around 93.70, yields plummet

The index remains within the negative territory near 93.70. US 10-year yields plummets to fresh lows in sub-2.97% level. US Existing Home Sales The US Dollar Index  (DXY), which gauges the greenback vs. its main competitors, remains on the defensive and is now meandering in


EUR/USD positive above 1.1820 – Scotiabank

FX Strategists at Scotiabank remain neutral on spot although a breakout of 1.1820 could shift the stance to neutral. Key Quotes “The best that can be said for the EUR at the moment is that the charts suggest the EUR sell off has moderated (via


WTI extends the drop below $71.00

Crude oil prices retreat further to the mid-$70.00s. Prices of WTI drop to fresh multi-day lows. US oil rig count next of relevance on Friday. Prices of the barrel of the West Texas Intermediate are trading on the defensive for yet another day, dropping to